# PPP loan: STRAEHLE + HESS USA, INC.
> **$615K** approved 04/10/2020 · Paid in Full · Loan `2122827110`
## Borrower
- **Name:** STRAEHLE + HESS USA, INC.
- **Address:** 284 ENTERPRISE DR, AUBURN, AL, 36830-0503
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $615K
- **Initial approval:** $615K
- **Forgiven:** $627K (102%)
- **Forgiveness date:** 07/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $461K
- **Rent:** $77K
- **Utilities:** $77K
- **Jobs reported:** 61
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*